But some analysts are not so optimistic about easing oil prices...
Crude oil prices plunged on Thursday, falling to their lowest levels in more than a month.
US light crude futures dropped $2.03 to $48.85 a barrel on the NYMEX. Brent crude in London?s IPE closed down $1.61 to $45.95.
The reason of prices? steep drop is rising crude stockpiles in the US.
But some analysts are not so optimistic about easing oil prices, saying that there is the threat from the continuing tension in Nigeria and violence in Iraq.
Deutsche Bank?s analyst Adam Sieminski said, "US oil inventories should rise over the next six to nine months, and this should eventually ease the extreme tightness in today's oil markets.?
